Archives for June 2008
June 11th, 2008
An article over the weekend in the Spanish daily EL Pais, entitled ‘La Axarquia, a building and whitewash catastrophe’, shed light on the urban planning and illegal building problems in the La Axarquia region of the Costa del Sol, where hundreds of foreigners, especially Britons, have unwittingly purchased illegally-built homes. La ...
Continue reading Illegal Building Problems in La Axarquia
June 11th, 2008
On the 6th June, the newspaper La Verdad de Alicante published the judicial order which declared the two companies, San José Inversiones y Proyectos Urbanísticos, S.A. and Herrada del Tollo, S.L. in “concurso”. The official publication has not been made yet, but we expect it to be published very soon. ...
Continue reading San Jose Update #3
June 10th, 2008
Every day you'll find one 'expert' predicting continuing doom and gloom in the Spanish property market - and another 'expert' presenting the other side of the case. This week's news stories are no exception. Some of them are just marketing messages wrapped in a veneer of 'expert opinion' - but even ...
Continue reading Stagflation in Spain – What Does it Mean?
June 10th, 2008
As the Pound continues to perform poorly against the Euro, agents selling property on the continent are examining several ways of combating the problem and making their portfolio more attractive to buyers. Last month the Pound fell against the Euro to its lowest level since the single currency’s inception in 1995. ...
Continue reading Agents Fix Pound Exchange Rate
June 9th, 2008
According to a new study Spain tops the list of the 101 most popular overseas property destinations searched for on the internet. A new study published by Globaledge.co.uk reveals that Spain is the most searched-for overseas property destination by UK internet users. The research looks at over 200,000 property-related searches over the ...
Continue reading Spain Still Top Overseas Property Destination
June 6th, 2008
Despite growing concerns in the UK housing market, the ongoing credit crunch and the perceived pending recession, investors should be careful not to associate the UK and America’s shortcomings with that of the rest of the world. Mark Bingham Managing Director of Owner Invest said, “Spain in particular, has been ...
Continue reading Silver Lining for Spanish Property Market
June 5th, 2008
Those who want to live in Spain should buy now as there are plenty of bargains, but those looking to invest should wait. There are currently many property bargains on the market in Spain as people become desperate to sell their homes however, according to an industry expert, although now is ...
Continue reading Great Deals on Spanish Homes
June 4th, 2008
British buyers may be seeking out golfing hotspots around the world, but there are still two favourites closer to home which regularly top the list – Spain and Portugal. But lately, Spain hasn't had the best media coverage. Reports of corruption leading to illegal building have made buyers nervous. If ...
Continue reading Green Living the Iberian Way
June 3rd, 2008
Spanish residents and property owners should have one less tax to worry about – wealth tax is being abolished. It was on 18th April 2008 that the Council of Ministers approved a measure to get rid of wealth tax in Spain from 1st January 2008. The measure has ...
Continue reading Spain Scraps Wealth Tax
June 2nd, 2008
A report published by Datamonitor has found that British and Irish investors currently own 3.81 million properties overseas and with recent figures showing that record numbers of Britons are fleeing the UK with nearly 2 million option to emigrate abroad in the last decade, the number of foreign owned homes ...
Continue reading More Foreign Homes – Despite Credit Crunch
